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Kallanish Kallanish

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April, 8th 2020

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Weekly Steel

14 April 7, 2020

Kallanish Steel Weekly: Scrap/iron ore differential reaches record-low levels

Last week the rapid slump of Turkish scrap prices took the differential between scrap and iron ore to record-low levels. Despite the difficulties in the global steel markets, iron ore is holding between $80/tonne and $90/t. Turkish scrap values meanwhile touched a fouryear low ast week. According to Kallanish, the …

13 March 31, 2020

Kallanish Steel Weekly: Iron ore falls under pressure, 2020 outlooks remain firm

The rating agency Fitch expects iron ore prices to fall in the second half of 2020 as a result of increasing output in Brazil and Australia later in the year, as well as slower economic growth. Its iron ore price assumptions, however, remain unchanged at $75/tonne cfr China for 62% …

12 March 24, 2020

Kallanish Steel Weekly: Black Sea billet price reductions underline fragility of global markets

Uncertainty increased in the global steel market last week as the Covid-19 spread impacted the outlook for many of the largest steelmaking and steel-consuming countries. While Chinese iron ore prices are holding up relatively well, billet prices have come under increasing pressure. Billet prices are often a good indicator of …

11 March 17, 2020

Kallanish Steel Weekly: Iron ore bucks the trend of global stock markets, oil

Last week iron ore surged again to a level of above $90/tonne cfr Qingdao, according to the Kallanish index for 62% Fe Australian fines. The recovery confirms the intense volatility of iron ore in the current uncertain market. Chinese production is picking up again after the coronavirus issue while European …